Movement Alert|CHINAGOLDINTL Rises 5.77% in Regular Trading, H1 Revenue and Profit Hit Record Highs with Jiama Mine Expansion Approved

Market Focus
Aug 14

On August 14, CHINAGOLDINTL rose 5.77% in regular trading, trading at 198.6 HKD/share, with turnover of HKD 237 million.

On the news front, the company released its interim results showing H1 revenue of USD 9.14 billion, up 58% year-over-year, and net profit of USD 5.12 billion, surging 153%, both hitting all-time highs. Q2 standalone revenue reached USD 461 million, up 50%, with net profit more than doubling to USD 275.8 million. The copper average realized price surged 73% to USD 4.66 per pound, serving as the core earnings driver. Copper production at the Jiama mine rose to 18,641 tonnes from 18,013 tonnes year-over-year.

Simultaneously, management approved the next-phase development plan for the Jiama copper-polymetallic mine, targeting daily processing capacity of approximately 160,000 tonnes via a large-scale open-pit mining scheme, pending completion of a pre-feasibility study by year-end. The stock outperformed the Gold sector, where peers including Zijin Gold International, Lingbao Gold, and Chifeng Gold all declined.

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